Filing Flows › Green DOT (GDOT) › Q4 2024
Green DOT (GDOT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 4, 2025
Green DOT (GDOT) reported revenue of $455M for the fourth quarter 2024 (Q4 2024), +24% from a year earlier and +11% from the quarter before. Operating margin was 3.2%, net earnings $5.1M (1.1% of revenue).
Green DOT, Q4 2024: revenue $455M (+24% year over year), operating margin 3.2%, net earnings $5.1M, operating cash flow −$23.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $455M | +11% | +24% |
| Operating profit | $14.4M | — | — |
| Net earnings | $5.1M | — | — |
| Operating cash flow | −$23.0M | — | — |
What changed
Revenue was $455.0M in Q4 2024, up 24% year over year and up 11% from the previous quarter. Card revenues and other fees was the largest line at 78% of revenue.
Operating profit was $14.4M, a 3.2% margin (up 10.3 points year over year). Total costs grew 12% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $5.1M. The effective tax rate was 35.1%.
Operating cash flow was −$23.0M. Non-cash charges added back $15.7M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items used $49.7M. Capital expenditures of $22.1M exceeded it, leaving free cash flow of −$45.1M.
Questions
What was Green DOT's revenue in the fourth quarter 2024?
Green DOT (GDOT) reported revenue of $455M for the fourth quarter 2024 (Q4 2024), +24% from a year earlier and +11% from the quarter before.
Was Green DOT profitable in the fourth quarter 2024?
Operating profit was $14.4M (3.2% of revenue) and net earnings $5.1M.
Source: Green DOT 10-K on SEC EDGAR.